Triple Top is an Up Trend Reversal Pattern. Hence the assumption is there already exists an Up Trend. Triple Top Pattern can be explained as follows
Similar to the Head & Shoulder Pattern, there are 3 peaks but the only difference is all the peaks have same level. This pattern is complete when price falls below the two Lows.
Other Reversal Patterns
Technical Analysis Head & Shoulder Pattern
Technical Analysis Inverse Head & Shoulder
Technical Analysis Triple Bottom
Technical Analysis Double Top
Technical Analysis Double Bottom
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Technical Analysis Triple Top
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